AUSTRALIAN CAPITAL TERRITORY

BUSINESS FRANCHISE (TOBACCO AND PETROLEUM PRODUCTS) REGULATIONS

EXPLANATORY STATEMENT

No. 18 of 1984

	The business Franchise (Tobacco and Petroleum Products) Regulations prescribe the value to be attributed to tobacco and to petroleum products and the records required to be kept by tobacco and petroleum wholesalers and retailers under the Business Franchise (Tobacco and Petroleum Products) Ordinance 1984.

	Regulations 1 and 2 are interpretation provisions.

	Regulation 3 provides for the value to be attributed to tobacco for the assessment of fees payable for tobacco licences under the Ordinance.

	Regulation 4 provides for the value to be attributed to petroleum products for the assessment of fees payable for petroleum products licences under the Ordinance.

	Regulation 5 prescribes the records required to be kept by tobacco retailers and wholesalers and owners of tobacco vending machines.

	Regulation 6 prescribes the records required to be kept by petroleum retailers and wholesalers.

	Regulation 7 requires tobacco retailers to notify the Commissioner for Business Franchises within seven days of any change in the name or place of business of their suppliers.